Ikea to invest EUR 106m in Russian mall

Sweden furniture manufacturer Ikea has unveiled plans to invest $155 mln (EUR 106 mln) in the development of a new shopping and entertainment centre in the Voronezh region of Russia, newspaper Kommersant has reported. The 176,000 m[sup]2[/sup] shopping centre will be built on a 100-hectare land site in the region's Novousmansky district. The mall is scheduled for delivery in the first half of 2012.

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